Crash Proof

Publisher's Summary

From both an economic and monetary perspective, the United States is a house of cards: impressive on the outside, but a disaster waiting to happen beneath the surface. In a relatively short period of time, the country has gone from the world's largest creditor to its greatest debtor, the value of the dollar has declined, and manufacturing has given way to non-exportable services. While these and other issues could spell disaster for your financial well-being, the situation could also present unique opportunities - if you're prepared.For more than a decade, seasoned Wall Street prognosticator Peter Schiff has not only observed the U.S. economy, but has helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; a declining dollar; and a lack of domestic manufacturing.Here, Schiff provides you with an insightful examination of the structural weaknesses underlying this impending economic meltdown, and discusses how you can protect yourself during the difficult times that lie ahead. Using common-sense analysis, creative analogies, and easy-to-understand language, Schiff entertains as well as educates and outlines a specific three-step plan that will allow you to preserve wealth and protect the purchasing power of your savings.

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Customer Reviews

Most Helpful

Not Worth It

The first 3/4 of this book are a good explanation of why the US economy is in such bad shape and why it won't fully recover any time soon. The remaining part is just a commercial for the products and services offered by the author's company.

I can save you six hours - here's his basic advice: buy gold, put any remaining capital in foreign currency, and don't buy what you can't afford to pay cash for.

Before I read this book I was always frustrated at my lack of understanding the stock market. Especially after following the stock recommendations of the commentators and guests on all those cable financial TV. shows. Then I found and read Peter's book. He explained in layman's terms what Wall Street was all about. While market experts were telling me to buy stock, there real clients were selling stock. Peter explains why our phony US consumer base economy is headed for trouble. And more importantly, what we can do to escape the coming collapse. My only regret is not reading this book sooner!